Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Africa DownUnder Conference 2009
24 slides from Bannerman Energy's conference presentation, Sep 3, 2009
Slide 1: Africa DownUnder Conference
For personal use only Africa DownUnder Conference Perth September p 3,, 2009
Slide 2: Forward-Looking & Technical Disclosures
Forward-Looking & Technical Disclosures For personal use only This presentation contains certain forward-looking information about the Company that is intended to be covered by the safe harbour for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995, as amen
Slide 3: Contents
Contents For personal use only Corporate Overview Namibia E Etango Uranium U i Project P j Exploration Activities Investment Rationale Page 3
Slide 4: Why Invest in Bannerman?
Why Invest in Bannerman? For personal use only Nuclear renaissance. Namibia - premier uranium mining jurisdiction. jurisdiction Etango – globally significant uranium deposit (160Mlbs U3O8). Advanced development path, resource upside and exploration potential. Capability to execute developm
Slide 5: Corporate
Corporate as at September 1, 2009 For personal use only Listings: ASX, TSX & NSX Share price: A$1.22 C$1.07 Market cap: p A$246m / C$216m Issued securities: Major shareholders: Shares 201.7m Widerange Corp. (C Jones) 7.5% Regent Pacific Group Ltd 5.0% Options (average exercise price A$2.49) 20.8m Re
Slide 6: Board & Management
Board & Management Strong project development and mining experience For personal use only Len Jubber Geoff G ff St Stanley l Chief Executive Officer Non-Executive Chairman Peter Kerr Ronnie Beevor Chi f Financial Chief Fi i l Offi Officer Non-Executive Director John Turney Clive Jones Pr
Slide 7: Namibia Global Political and Economic Risk
Namibia Global Political and Economic Risk For personal use only Page 7
Slide 8: Namibia
Namibia For personal use only Stable democratic government, government economy, legal and mineral title regime. 4th largest uranium producing country Erongo (behind Canada, Kazakhstan and Etango Region Australia). Uranium Project Political and social support of uranium mining. Rossing (Rio 6
Slide 9: Erongo Uranium Province
Erongo Uranium Province In excess of 1 billion pounds U3O8 within 100km For personal use only Trekkopje/Areva Trekkopje/Areva Valencia/Forsys Valencia/Forsys (157 Mlbs) Mlbs) (81 Mlbs) Mlb ) Bannerman Tenements Road Power Line Rössing/ ssing/Rio Rio Railway (historically +300 Mlbs) Primary Uranium D
Slide 10: Namibian Uranium Resources
Namibian Uranium Resources (as at August 31 31, 2009) Areva Trekkopje Rio Tinto (69%) For personal use only 561Mt at 130ppm Primary alaskite-hosted uranium Rössing deposits 157Mlbs Est. +425Mlbs 500Mt Secondary uranium deposits Size approximates contained metal 400Mt Bannerman (80%) Tonnes Etango 35
Slide 11: Etango Resource: Globally Significant & Growing
Etango Resource Globally Significant & Growing For personal use only 180 160.1 160 ed Metal (Million lbs U3O8) 140 126.6 52.4 Inferred 120 106.6 Indicated 37.4 100 Measured 72.2 39.7 80 60 Containe 105.7 59.3 89.2 40 26.9 66.9 20 26 9 26.9 12.9 2.0 0 May 2007 January 2008 August 2008 February 2009 J
Slide 12: Etango Project Resource Drilling
Etango Project Resource Drilling For personal use only Extensive drilling completed - over 200,000 metres included in the resource drillhole database. database Resource estimate (at a 100ppm U3O8 cut-off): A A’ M&I – 235Mt at 208ppm pp for 107.7Mlbs Inferred – 120.7Mt at 197ppm for 52.4Mlbs
Slide 13: Sectional Interpretation of Anomaly A
Sectional Interpretation of Anomaly A 70% of resource within 200 metres of surface For personal use only 0m Surface Northing 7,488,800 Mineralisation from near 50m surface surface. 100m Lode widths up to 100m. 150m Higher grades 200m found within 200 off 200m 250m surface. 300m Deposit 5km l
Slide 14: Etango Uranium Project
Etango Uranium Project For personal use only ~30 metres Massive alaskite outcrop at Onkelo
Slide 15: Massive shallow-dipping alaskite at Onkelo
For personal use only 20‐30° dip Massive shallow‐dipping alaskite at Onkelo
Slide 16: Resource Model Zones with Initial Concepts for Pit Design
Resource Model Zones with Initial Concepts for Pit Design For personal use only July 2009 mineral resource Stage 1 pit Stage 2 St pit Stage 3 pit North EL East Final pit Page 16
Slide 17: Preliminary Feasibility Study (PFS) Status
Preliminary Feasibility Study (PFS) Status Scale of the Etango project: For personal use only Mine life +15 years. years 15Mtpa for output of 5-7Mlb U3O8 per year. Operating costs approx US$35/lb U3O8. Base case heap leaching processing option: T t k achieving Testwork hi i up tto 91% re
Slide 18: Work Status
Work Status For personal use only STUDY COMPONENT STATUS ACHIEVED Geological understanding DFS R Resource estimate ti t DFS Mining optimisation & designs PFS Processing PFS on heap leach; Scoping on flotation Infrastructure & utilities PFS Environmental & permitting PFS Page 18
Slide 19: Development Timeline
Development Timeline For personal use only 2009 2010 2011-12 2013 • Preliminary • Definitive Feasibility Feasibility y Study (PFS). (PFS) Study (DFS). • Construction • Production • Resource & • Mining licence. exploration drilling drilling. • Financing & development • Testwork & approval. ESIA. Page
Slide 20: Exploration Activities
Exploration Activities For personal use only Large g land position p (1,300km ( 2) with active exploration p underway for new uranium discoveries. Page 20
Slide 21: Exploration Activities
Exploration Activities Target generation For personal use only Surface S f mapping i unable bl tto penetrate sand cover in southern portion of EPL. Prospective geological structures dipp under the desert sand cover. Geological interpretation of southern geology following geophysical and struct
Slide 22: Next Months
Next 6 Months For personal use only Flotation beneficiation offers significant opportunities – testwork in progress. Pre-feasibility Pre feasibility study (PFS) to be completed in December 2009 quarter. Lodgement of mining licence application. Resource definition R d fi iti drilling d illi u
Slide 23: Capability to Deliver
Capability to Deliver For personal use only E Experienced i d andd disciplined di i li d project j t managementt tteam: Uranium experience, p , includingg Rössing. g Large project evaluation and construction experience. Namibian personnel and experience. Current cash reserves (A$33 million
Slide 24: www.bannermanresources.com
For personal use only www.bannermanresources.com